EnWave (CVE:ENW) Shares Up 13% – Should You Buy?

EnWave Co. (CVE:ENW)’s share price rose 13% during mid-day trading on Friday . The company traded as high as C$0.27 and last traded at C$0.26. Approximately 127,178 shares changed hands during mid-day trading, an increase of 151% from the average daily volume of 50,623 shares. The stock had previously closed at C$0.23.

EnWave Price Performance

The firm has a market cap of C$27.30 million, a PE ratio of -23.00 and a beta of 1.57. The company has a debt-to-equity ratio of 46.59, a quick ratio of 1.63 and a current ratio of 3.48. The firm’s 50-day moving average price is C$0.27 and its two-hundred day moving average price is C$0.33.

EnWave Company Profile

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. The company operates through EnWave and NutraDried segments. It also offers radiant energy vacuum (REV) platforms, such as nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, liquid, and granular or encapsulated food or cannabis products.